American Century Companies Inc. Has $10.08 Million Stake in Archer-Daniels-Midland Company (ADM)
American Century Companies Inc. lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1,325.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,086 shares of the company’s stock after buying an additional 220,459 shares during the period. American Century Companies Inc.’s holdings in Archer-Daniels-Midland were worth $10,079,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Archer-Daniels-Midland by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after buying an additional 1,011,097 shares during the last quarter. BlackRock Inc. grew its position in shares of Archer-Daniels-Midland by 6.0% in the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after buying an additional 2,359,196 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Archer-Daniels-Midland by 14.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock worth $313,054,000 after buying an additional 916,285 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Archer-Daniels-Midland by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after buying an additional 24,589 shares during the last quarter. Finally, Prudential PLC grew its position in shares of Archer-Daniels-Midland by 5.3% in the 2nd quarter. Prudential PLC now owns 4,418,900 shares of the company’s stock worth $182,854,000 after buying an additional 222,900 shares during the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
ADM has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down previously from $41.00) on shares of Archer-Daniels-Midland in a research report on Saturday, July 22nd. BidaskClub raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $42.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Credit Suisse Group dropped their target price on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $42.22.
Shares of Archer-Daniels-Midland Company (ADM) opened at $39.42 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. Archer-Daniels-Midland Company has a 12-month low of $38.59 and a 12-month high of $47.44. The firm has a market cap of $22,045.63, a P/E ratio of 16.63 and a beta of 1.11.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The business had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. equities analysts expect that Archer-Daniels-Midland Company will post 2.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer-Daniels-Midland’s payout ratio is 59.81%.
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